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cuts, harry reid and mitch mcconnell said there's a select committee that will spread the cuts all over, you know, over evenly, and that didn't happen, bottom line is, listen, this has been up for a year, and i, and others said, let's get to it, get to it, and they did everything but this. they are on vacation now. they should have come back last week if it's that important. it doesn't get down. i hope i'm wrong, but people are depending on a type of certainty and stability. lou: interesting difference of view in the republican party. speaker boehner in his op-ed this week acknowledges that there would be significant disruptions as a result of sequester going into effect, yet, most of the republican parties say this is what we need, see spending cuts, need to ta if on even if it's across the board and arbitrary. there is a real division right now working the republican party apparently; is that right? >> i have not heard so much let's just make the cuts and about it. i'm in the pentagon. i'll serve next week again, and i'm working in the national guard bureau, and that's all they talk a
this a news alert. senator harry reid calling for more tax increases. in an interview on abc yesterday, he said tax revenue must be part of any deal to be part of the little defense cuts. here is senator reid. >> the american people are on our side, and america people don't believe in these things. we believe the rich should contribute. stuart: relieve the rich should contribute, tax the rich. president obama pushing for more tax increases yesterday. in an interview on cbs before the super bowl he said there is no doubt that government needs new relation. he promises strong economic growth this year coming on the heels of an economic contraction in the fourth quarter along with the rise in the unemployment rate. and everybody's taxes already went up as of january 1, taxes may go up some more. from taxes to the market. the dow above 14,000 for the first time since 2007 friday afternoon. let's bring in nicole. it is not like it was going to hold at 14,000, now futures are down, how much are they down? nicole: you can see the down arrows, 69 points pulling back awfully 14,000 mark. traders ar
every gambit to win the required 60 votes, harry reid even went so far as to scare republicans into advances hagel's nomination. >> if is shocking that my republican colleagues would leave the nation without a fully empowered secretary of defense. considering all of the things we have going on the world. lou: gathering, curious, concerned and amused looks, we have a defense secretary, he is none other than. the soon to be outgoing defense secretary leon panetta who has fledged he will remain in the job until his successor is sworn to office. republicans chose to block hagel's confirmation until they get answers from the white house on the president's role and his action during the benghazi terrorist attack on september 11 last year, yielding some what to that pressure today, the white house for the first time revealed in a letter that the president did not personally ask the libyan government for help. and acknowledged he relied on then secretary of state hillary clinton, to reach out on his behalf. that is a revelation that outraged senators lindsey graham. >> the president of
to comment on to harry reid. this weekend talking about more taxes. he says, the american people are on his side. here he is. >> the american people don't believe in this bustier things. we believe that the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that is where we need to go. gerri: do you agree? >> no, i don't. john kennedy did not agree. ronald reagan did not agree. they did not agree back in the 1920's. it is never worked in the history of this country raising taxes to bring in more revenue. by the way, the revenue is projected for this year, over two and half trillion dollars. that's more than we took in last year, more than we took in in 2007 and 2008. it is always and has always been a spending problem in washington d.c. look at what is going on in california. wall street loves what california is doing, but remember, the people who voted to raise taxes in california made it retroactive, so what happened is nobody could do anything to get away from the extra increase in taxes, but now we have it here to work on that. let
Search Results 0 to 3 of about 4

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